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22116 Bay Ave Moreno Valley, CA, 92553
$2,695,000 Commercial for sale Other
What you are looking at is a rare opportunity to purchase investment property that has substantial current income and the potential to be developed with more rental units. This property falls within the City of Moreno Valley's redevelopment area and is zoned R-15. Potential to build 67-100 units per architectural designed plan. Plans available. This single 4.35 acre parcel is only about 35% developed with the current 8 rental units. There is a 9th unit that is in poor condition, but could be rehabbed to increase monthly income. Large barn/storage building with ample parking located at the rear of property. There is room to add at least another 8 units or more! Units have been undated with newer windows, central heat and air, and separate meters for water, electricity, and gas. Don't wait or this will be gone.
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Property details
7,880 sqft interior area
Land area
189,486 sqft (4.35 acres)
Days on Verhouse
270
Address
22116 Bay Ave, Moreno Valley, CA, 92553
City of California
Moreno Valley
County
Riverside
Year Built
1960
District
Moreno Valley
Nearby major retailers
Costco
Walmart Supercenter
Lowe's
T-Mobile
ALDI
Albertsons
Wholesale: 1
Supermarket: 3
Do it yourself: 1
Mobile phone: 1
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Listed by
Scott Cheramie, NEW HARVEST REALTY
Name
Scott Cheramie
License number
01409016
Brokerage company
NEW HARVEST REALTY
MLS #
CRCV23106135
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Calculate your monthly payments
Mortgage
$8,275
Taxes
$0
HOA dues
$0
Mortgage
$539,000 / 20%
2.28%
30 years
Your amount
$8,275 / month
Lot details
TMK #291150012
Parcel nr.
291150012
92553 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 92553
50%
Families with children
National average: 39%
18%
Non family households
303,656
Population
$86,008
Average Income
Age & gender
Median age 30 years
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Commute types
92% commute by car
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Education level
30% have high school education
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Number of employees
4% work in education and healthcare
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Vehicles available
38% have 3 or more
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Vehicles by gender
38% have 3 or more
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Housing market insights for
$551.14k
Neighborhood average
sales price*
sales price*
$525k
Neighborhood median
sales price*
sales price*
193
Number
of sales*
of sales*
Housing type
72% are single detacheds
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Rooms
35% of the houses have 4 or 5 rooms
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Bedrooms
56% have 2 or 3 bedrooms
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Owners vs Renters
59% are owners
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12.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Aug 18, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Aug 18, 2023 | New Listing | $2,695,000 | 0 | MLS #CRCV23106135 |
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Frequently Asked Questions about 22116 Bay Ave
What is 22116 Bay Ave?
22116 Bay Ave is a Commercial/Industrial propertywith 7,880 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
22116 Bay Ave, Moreno Valley, CA, 92553.
What comparable properties are nearby?
Comparable nearby commercial properties include 21840 Cottonwood Ave, 23670 Tower St, 2650 E Alessandro Blvd, 18805 Moss Rd, 2904 10th St, 3159 1st St.
Based on information from the bridgeMLS as of 05-15-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Aug 18, 2023
Verhouse Last checked 5 minutes ago
The closest grocery stores are WinCo Foods, 0.84 miles away and ALDI, 1.02 miles away.
The 92553 zip area has a population of 303,656, and 50% of the families have children. The median age is 30.75 years and 92% commute by car. The most popular housing type is "single detached" and 59% is owner.
